Kraken’s connection to the Chainlink network allows the exchange to broadcast its price data for use in blockchain-based apps.
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Author: Tanzeel Akhtar
Spot trading volume on cryptocurrency exchanges has crossed all previous records to reach over $900 billion in January, according to data compiled by The Block.
Of the total about $906 billion, Binance accounted for almost 60% share, or about $518 billion. Coinbase and Kraken followed Binance, with about $118 billion and around $56 billion in trade volume, respectively.
As compared to December’s volumes, January’s trading volumes are up by about 140%.
Last year, the total volume for 2020 across legitimate crypto exchanges exceeded $1 trillion, to reach roughly $1.82 trillion.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Yogita Khatri
During a 28-month period, Hugo Mejia illegally exchanged millions of dollars-worth of bitcoin while attempting to hide his activity.
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Author: Sebastian Sinclair
XRP has more than reversed the late December drop prompted by an SEC lawsuit against Ripple with a rally to two-month highs.
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Author: Omkar Godbole
It would be the most “entertaining and ironic outcome” if dogecoin “becomes the currency of earth in the future,” Musk also said.
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Author: Tanzeel Akhtar
MGM has acquired the movie rights to a book proposal known as “The Antisocial Network” by New York Times best-selling author Ben Mezrich.
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Author: Sebastian Sinclair
Tesla and SpaceX CEO Elon Musk has said that bitcoin is a “good thing,” and that it is set to get mainstream attention.
“I think bitcoin is really on the verge of getting broad acceptance by sort of the conventional finance people,” said Musk on Sunday night in a Clubhouse chat session. “I don’t have a strong opinion on other cryptocurrencies.”
Musk went on to say that many of his friends have convinced him to buy bitcoin in the past, but he is “late to the party.”
“Many friends of mine have tried to convince me to get involved in bitcoin for a long time,” he said, adding that he should have bought some bitcoin in 2013.
Musk also briefly talked about Dogecoin, the meme-coin he has tweeted about in the past, saying that he “occasionally” makes “jokes about Dogecoin.”
“They are really just meant to be jokes, but you know Dogecoin was made as a joke to make fun of cryptocurrencies obviously, but fate loves irony and often as a friend of mine says that the most ironic outcome or I’d say the most entertaining outcome and the most ironic outcome would be that Dogecoin becomes the currency of earth in the future.”
Musk’s comments come three days after he added bitcoin to his Twitter bio and posted “In retrospect, it was inevitable,” possibly meaning that the bitcoin mention was sure to happen.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Yogita Khatri
Ethereum miners have brought in $800 million in January revenue, which surpasses the previous record highs seen three years ago.
The Block’s Dashboard data shows that more than $311 million of Ethereum’s January mining revenue came from transaction fees on the network, which accounted for nearly 40%.
The increase of transaction fees and the price surge of Ether to all-time-highs above $1,400 last month have pushed Ethereum’s January mining revenue to surpass the previous record highs of $762 million seen in January 2018.
Ethereum miners’ daily revenue per each megahash second (MH/s) of computing power also hit a level that is not seen since early 2018, based on The Block’s Dashboard.
According to F2Pool’s index, the most advanced Ethereum mining equipment on the market, such as Nvidia’s RTX 3080 or ASIC miner A10 Pro made by Wuhan-based InnoSilicon, is able to generate $62 in 24-hour gross profits per unit.
But similar to bitcoin miners, GPUs and ASIC miners on the Ethash algorithm are experiencing a significant supply shortage, which is causing headache for game players who are in need of Nvidia and AMD GPUs.
Bitcoin’s monthly mining revenue in January also hit its highest record since December 2017, per The Block’s Dashboard.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Wolfie Zhao
Banks can tick a box and start trading with us, said CEO Rupertus Rothenhaeuser.
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Author: Ian Allison
Bitcoin miners made more than $1.09 billion in January revenue, which is the highest point since December 2017, The Block’s Dashboard data shows.
The revenue for bitcoin miners last month has surpassed the level seen in January 2018, which was at $1.02 billion. The highest monthly revenue for bitcoin miners was recorded in December 2017 with over $1.25 billion at the peak of the last market bull run.
Of the $1 billion revenue last month, $977 million came from the network’s block subsidies, the value of which increased sharply compared to December 2020 as bitcoin’s price jumped above $30,000 and reached as high as $42,000.
Meanwhile, bitcoin’s mining difficulty growth has been relatively more static given the supply shortage of the newest mining equipment.
As a result, bitcoin miner’ daily revenue per each terahash second (TH/s) of computing power has also increased in January to as much as $0.25, a level not seen since mid-2019.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Wolfie Zhao
